[ad_1]
The hour view for silver
- At the moment the price is from XAGUSD $ 0 down (-0.01%) from the hour before.
- This is the third hour in a row The price of silver has fallen.
- As for the trend in the hourly timeframe, we see that clearest trend in the 20-hour period.
- Price action traders should also note that we are seeing a pin-bar candlestick pattern in silver. Given that we are seeing an uptrend in the 20 and 10 hour candle time frames and that such candlestick patterns often indicate reversals, this may be worth mentioning.
- The hourly time frame moving averages suggest an inconsistent price as the 20, 50, 100 and 200 are all in a mixed alignment – meaning the trend is inconsistent across the time frames, suggesting some potential Opportunity for Rangebound traders.
Silver’s hourly chart is shown below.
The day view for silver
- At the moment the price is from XAGUSD up $ 0.36, or 1.4% from the day before.
- Silver has dropped its price 4 out of the last 5 dayscreating some attractive opportunities for bulls.
- Regarding the trend, note that the strongest trend exists in the 50 day timeframe.
- The moving averages of the daily time frame suggest an inconsistent price as the 20, 50, 100 and 200 are all in a mixed alignment – meaning the trend is inconsistent across the time frames, suggesting potential Opportunity for Rangebound traders.
Below is a daily price chart for silver.
Recommended silver idea from TradingView
Below is a trading comment titled MQP INFINITE REGRESSION # 005 PART 3, SILVER BOTTOMED, ​​27 NEXT that you might find interesting:
THIS IS PART 3 FOR # 005.Notes: 1. Read PART 3 for # 004 to understand the volume wave here2. it’s the same situation, but although silver has been stronger in the short term, it probably won’t be in 2-3 weeks3. From now until 8/104 silver is in a SUPER TIGHT COIL SITUATION. So if it doesn’t move a lot, that’s A BIG SIGN5. all for now.
– MQP
[ad_2]
